Cost p.a. of keeping your boat

this is our first proper year with our 30 footer which is about 30 years old. annual running costs, mooring, haul in and out, dinghy storage, and 4 months winter storage ( so the stuff I know about) comes to between £500 - £600 per annum including club membership. We are based in portsmouth.

then there is the insurance , antifoul, engine service and stuff like that so say another £600. So probably £1200 per annum ignoring repairs, renewals and improvements :) So actual costs will probably be nearer double that, on the basis that we are are aiming to keep a "nice" and not "knackered" boat.
 
After another senior moment First Mate and I purchased a 1986 Hartley steel 32 foot yacht in Wellington NZ.

The full service marina at Seaview is 3500 NZ dollars per annum for a secure 10 metre pontoon berth. It is comparable to most Solent marinas in regard to quality and services. There is a live aboard supplement of 40 NZ Dollars per month-20 quid.

3500 NZ Dollars at the current exchange rate is is £1750.00.

Even better is the lift out and yard at Evans Bay Yacht Club. A lift, pressure wash, cradle for six days and relaunch cost 344 NZ Dollars-£171.00!

On the other hand, Sailmakers appear more expensive. Burnsco, the on site chandlery at Seaview Marina, is substantially cheaper on many items than UK prices.

Now we have a boat in both hemispheres we will be able to compare costs between the two........................
 
niccapotamus said:
this is our first proper year with our 30 footer which is about 30 years old. annual running costs, mooring, haul in and out, dinghy storage, and 4 months winter storage ( so the stuff I know about) comes to between £500 - £600 per annum including club membership. We are based in portsmouth.

then there is the insurance , antifoul, engine service and stuff like that so say another £600. So probably £1200 per annum ignoring repairs, renewals and improvements :) So actual costs will probably be nearer double that, on the basis that we are are aiming to keep a "nice" and not "knackered" boat.
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How much to polish the hull?
 
niccapotamus said:
this is our first proper year with our 30 footer which is about 30 years old. annual running costs, mooring, haul in and out, dinghy storage, and 4 months winter storage ( so the stuff I know about) comes to between £500 - £600 per annum including club membership. We are based in portsmouth.

then there is the insurance , antifoul, engine service and stuff like that so say another £600. So probably £1200 per annum ignoring repairs, renewals and improvements :) So actual costs will probably be nearer double that, on the basis that we are are aiming to keep a "nice" and not "knackered" boat.
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Hardway by the sound of it :)
 
Ah guys, you all should have done a lot more research before choosing a wife! Mine chose the boat and paid for most of it - and she gets under it to antifoul it each spring! She has also announced that if it comes to a choice between the boat and the house, the house goes in a heartbeat... Sorry, but she does not have a sister!

As far as cost is concerned, not a good thing to think about. In terms of annual expenditure, probably around £8000. Depreciation is probably as much again, but we will never know - you'll have to ask our son when he sells it after we've gone.
 
YachtAllegro said:
It certainly doesn't have to be the sort of massive figures mentioned above. Just going through the sums in my head for the last five years, our expenditure comes to about £1200 per year. That's for a 25 foot boat and happens to include, over that time period, quite a lot of equipment upgrades.

Now, even in a bad year, the boat serves as holiday accomodation and activities for my family of five for at least a total of fourteen days per year, sometimes substantially longer. So, if really doing these sums properly, I should presumably look at what we'd spend on two week's alternative holiday accomodation and activities, often in peak season, for five of us, if we didn't have the boat. That's got to be at least £2000 per year. So I reckon keeping the boat saves me about £800 per year :)
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Your thinking and calculations seem pretty close to my own, for a boat of very similar size.
 
Tomahawk said:
Equally one does not enquire of how much one spends on ones boat.
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Many years ago, sailing friends of my parents said "It's OK to work out the cost of your boat, and it's OK to work out the cost per day, per month or per year, but never, ever, work out the cost per mile."
 
blackbeard said:
I have a Club mooring (one of many advantages of being a club member) which costs about 1 k£ / year.
A commercial walk-ashore pontoon mooring might cost about 4 k£ / year.
I have therefore made a profit of 3k£ / year to spend on whatever I like.

If you can find any flaw in the above logic, there is no need to feel you have to tell me.
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You made a "saving". A profit is other business.
 
My greatest cost is Premiere Marinas and I get little value out of it, just a very small space on the water.

If my house was on the water and I could rent the backyard I would be a millionaire.
 
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I bought my boat with a mortgage as an investment.

After 10 years the loan will be paid off,and will own the boat.

Am sure if I hadn't the money would have been spent with help from my kids and wife and nothing to show.
 
johndove said:
I bought my boat with a mortgage as an investment.
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having had an hour, it is an investment. No one can really afford to buy a boat outright straight away. Perhaps the stat that 74% of 14 plate cars on the road are on finance is a reflection of boats bought buy banks.

The rule generally is true unless your a multi billionaire
 
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Jamesuk said:
life is about being lucky too, sometimes you can make your own luck but buying a yacht when millions cannot I believe is luck by being lucky in your choices ;-)
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I disagree with that. I think the majority of people in the UK could afford to buy and run a modest yacht if they chose to. As has been illustrated by other posters in this thread, the cost of running a yacht doesn't need to be more than say £1200 pa. The cost of smoking 20 a day, which lots of people, rich and poor, seem to afford is twice that......
 
andrewbroadbent said:
I disagree with that. I think the majority of people in the UK could afford to buy and run a modest yacht if they chose to. As has been illustrated by other posters in this thread, the cost of running a yacht doesn't need to be more than say £1200 pa. The cost of smoking 20 a day, which lots of people, rich and poor, seem to afford is twice that......
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hummm, I was thinking about the 7 Billion people on earth when I made that statement.
 
andrewbroadbent said:
I disagree with that. I think the majority of people in the UK could afford to buy and run a modest yacht if they chose to. As has been illustrated by other posters in this thread, the cost of running a yacht doesn't need to be more than say £1200 pa. The cost of smoking 20 a day, which lots of people, rich and poor, seem to afford is twice that......
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Many people could buy a manky old boat (although not as many as you assume) but very few people could afford a brand newie. Even in Great Britain!

Very cool if you can though
 
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